How Might PPPs Influence the Regional Development of CEECs?
How Might PPPs Influence the Regional Development of CEECs?
Author(s): Małgorzata GodlewskaSubject(s): National Economy, Public Finances, Socio-Economic Research
Published by: Łódzkie Towarzystwo Naukowe
Keywords: public-private partnership; Central and Eastern European Countries; regional development; institutional environment; investment attractiveness; local government units
Summary/Abstract: The main aim of this paper is to present the relationship between public-private partnerships (PPPs) and the development of Central and Eastern European Countries’ (CEECs) regions in the context of investment attractiveness. Based on desk research – a case study of 90 PPP projects and a literature review – the paper explores the effects of PPP projects on the investment attractiveness of CEE regions. It provides a brief overview of the challenges facing CEECs due to the modest infrastructure with a high degree of wear or due to the high level of gross government debts at the level of local government units (LGUs). It also presents a synthetic summary of the institutional environment of the CEECs necessary to support the development of PPP projects as well as the necessary changes in PPP legislation to foster the regional development of CEE regions in the context of investment attractiveness. Moreover, LGUs in Poland do not take advantage of the synergy effect (to increase regional development) from adapting PPP projects to their regional development or innovation strategies.
Journal: Studia Prawno-Ekonomiczne
- Issue Year: 2019
- Issue No: 111
- Page Range: 273-288
- Page Count: 16
- Language: English